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JPMorgan To Pay $99.5M To Escape FX Rigging Class Action

JPMorgan Chase & Co. will pay $99.5 million to exit an antitrust class action alleging the bank was part of a conspiracy to rig the approximately $5 trillion-per-day foreign exchange market, according to court documents filed Friday.

  • Shell Pays $90M To Escape Calif. Contamination Suit

    A California judge on Friday tentatively approved Shell Oil Co.'s $90 million good-faith settlement of personal injury claims brought by nearly 1,500 Los Angeles-area residents allegedly harmed by buried waste oil, leaving intact claims against the developer of their neighborhood, Barclay Hollander Corp., and its current owner, Dole Food Co.

  • UAW Ponys Up $355M To End Row Over Retiree Plan Changes

    The United Auto Workers agreed Friday to contribute about $355 million to a new employee health benefit plan to end a putative class action filed by a group of retirees accusing the UAW of making plan changes in violation of collective bargaining agreements.

  • Michael Jackson's Mom Loses Bid For New Trial Against AEG

    A California appellate court on Friday upheld a jury's verdict that concert promoter AEG Live LLC was not liable for the doctor who fatally overdosed pop legend Michael Jackson, rejecting arguments from the performer's family that jury instructions were flawed.

  • Jay-Z Swipes At Spotify With $56M Music Streaming Co. Buy

    Rap mogul Jay-Z expanded his business empire into music streaming on Friday with the $56 million purchase of Aspiro AB, an up-and-coming competitor to streaming giant Spotify AB best known for its Wimp and Tidal services.

  • Shake Shack's Shares More Than Double In Trading Debut

    Shake Shack Inc's shares soared nearly 136 percent in its trading debut Friday, leaving its increased initial public offering price in the dust as investors clamored for a bite of the beloved Manhattan-born hot dog and burger joint.